As the cryptocurrency market continues to favor the bulls, a well-known economist and crypto investor Alex Kruger, communicated his bullish stance on the leading cryptocurrency bitcoin (BTC), per a series of tweets on Thursday.  While bitcoin is currently changing hands at $23,304 at the time of writing, Kruger noted that BTC is bound to touch the $32,000 level before retracing to the $28,000 price zones.  

“The bearish and risk-averse will be able to safely buy the bitcoin dip from 32k to 28k later in 2023,” he wrote. He added that the predicted price action would not be a surprise to many, dubbing it a ‘normal market dynamics’. 

He wrote, “Joke aside, breaking through 30k then pulling back would be normal market dynamics. Markets tend to run key round levels over, trigger stops, bring suckers in, then flush them out. And 30k-35k looks very doable.”